Coronavirus: Shenzhen housing watchdog vows to rein in buying frenzy after police disperse 3,000 people queuing at new project launch

//Coronavirus: Shenzhen housing watchdog vows to rein in buying frenzy after police disperse 3,000 people queuing at new project launch

Coronavirus: Shenzhen housing watchdog vows to rein in buying frenzy after police disperse 3,000 people queuing at new project launch

Shenzhen’s housing watchdog has called for an end to sales gimmicks in a bid to take the heat out of a buying frenzy gripping the southern Chinese city.The move followed crazed scenes at the launch of a new development in the city’s Guangming district as 3,000 people shrugged off concerns about Covid-19 and queued on Wednesday evening to enter a draw for the right to buy one of just 394 homes. Police had to help disperse the crowd before the tickets for the lottery-style selection process…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-06-12T23:00:22+00:00 June 12th, 2020|Business|Comments Off on Coronavirus: Shenzhen housing watchdog vows to rein in buying frenzy after police disperse 3,000 people queuing at new project launch